Michael Saylor Adds 3,081 Bitcoin As Holdings Near 632.5K
Strategy, led by Michael Saylor, added 3,081 bitcoin last week for $356.9 million, at an average of $115,829 per coin. The company now holds 632,457 BTC worth around $70.2 billion, though acquired at $46.5 billion.
Purchases were largely funded by $300.9 million raised from common stock sales, with additional capital from preferred stock.
However, the move drew criticism after Saylor revised his pledge not to sell stock below 2.5x mNAV. MSTR shares remain pressured as mNAV has been under 2x for weeks.
B Strategy Targets $1B Raise With CZ’s Backing For BNB Treasury
B Strategy, a digital asset investment firm, plans to raise $1 billion by launching a U.S.-listed BNB treasury vehicle with strategic support from YZi Labs, led by Binance co-founders Changpeng Zhao and Yi He.
The venture will be headed by Max Hua, ex-CFO of Bitmain. Modeled after traditional investment firms, it will both hold BNB and reinvest in the ecosystem.
The company aims to fund technology, experimental projects, and community initiatives while providing institutional-grade exposure to BNB with transparency and governance.
Galaxy, Jump, Multicoin Eye $1B Solana Treasury Fund
Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly seeking $1 billion to establish a Solana-focused treasury, Bloomberg reported.
With Cantor Fitzgerald as lead banker, the firms plan to buy out a listed company and convert it into a Solana treasury vehicle.
The deal, approved by the Solana Foundation, is expected to close in early September.
Inspired by Michael Saylor’s bitcoin strategy, the fund will operate like digital asset treasuries that have gained traction across crypto markets, positioning Solana for deeper institutional exposure.
BitMine Expands ETH Holdings To 1.7M Tokens, Retains $562M Buying Power
BitMine Immersion Technologies, led by Tom Lee of Fundstrat, has boosted its ether reserves to 1,713,899 tokens worth $7.9 billion, while retaining $562 million in cash for further purchases.
Last week, the firm added 190,500 ETH, raising combined crypto and cash holdings to $8.8 billion. However, a market drop pulled ETH below $4,600, reducing valuations.
BMNR stock, down 2.6% premarket after a 12% rally Friday, saw heavy trading volumes, enabling rapid ETH accumulation.
The firm also filed to raise an additional $20 billion through stock sales.
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